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PEER COMPANIES

NEW DELHI: Nifty futures on the Singapore Exchange were trading 78.50 points, or 0.75 per cent, higher at 10,493.50, indicating a positive start for the Nifty50. Here’s a list of stocks which may hog limelight in today’s session:
Kirloskar Oil Engines: The Kirloskar group has received licence from the Reserve Bank to launch a non-banking finance company (NBFC), Kirloskar Capital, which will be headed by industry veteran Vimal Bhandari. The group company said it will invest Rs 1,000 crore in the proposed NBFC, which will be a fully-owned subsidiary of Kirloskar Oil Engines.

Capital First: V Vaidyanathan has transferred 4,29,000 fully paid up equity shares of Capital First held by him in his personal capacity to colleagues, near and dear relatives, and personal staff, as a gift, without any consideration.

Jet Airways: The company has given its pilots the option to leave the airline without serving a notice period as the financially stressed carrier cuts capacity and operations amid a cash crunch. Many are opting for this given the uncertainty around Jet’s ability to stay afloat, people close to the situation said.

Dewan Housing Finance: DHFL has bought back about Rs 2,000 crore worth of commercial papers, or shortterm debt instruments, before their scheduled maturities in a move aimed at instilling confidence among investors.

DFM Foods: Friday is the record date set by the company for the purpose of ascertaining the eligibility of shareholders entitled for sub-division of its shares of face value Rs into five shares of face value Rs 2.

Axis Bank, NTPC, IOC:Axis Bank, Hindalco, IndianOil, Power Finance Corporation, NTPC, Reliance Power, JSW Energy, Allahabad Bank, GCPL and Bata India are among dozens of companies, which will announce their quarterly results later in the day.

HDFC: Housing Development Finance Corp (HDFC) reported a 25% jump in net profit in the quarter ended September, aided by income from the sale of a part of its stake in its asset management arm even as loan growth remained strong at India’s largest mortgage lender.

HPCL: Oil marketing company Hindustan Petroleum Corporation on Thursday reported a 37.05 per cent year-on-year fall in profit at Rs 1,091.98 crore for quarter ended September 30. The retailer had posted a profit of Rs 1,734.74 crore in the corresponding quarter last year.

Coal India: The offer for sale (OFS) in Coal India by the government, which sought to reduce its ownership by 3 per cent, was fully subscribed Thursday, with both institutional and retail buyers putting in robust bids in the divestment that would fetch New Delhi about Rs 5,000 crore.

Auto stocks: India’s automobile industry seemed to miss the usual festive-season sheen this October, with car sales to dealers barely breaking into positive territory after three consecutive months of negative growth. Motorcycle and scooter manufacturers registered double-digit increases, but by pushing vehicles to retailers ahead of Dhanteras and Diwali.

IL&FS group stocks: Auditors of beleaguered Infrastructure Leasing & Financial Services (IL&FS) had raised at least half a dozen red flags in the past three years, two auditors privy to the development said. These warnings range from concerns about the manner in which asset sales were being carried to company’s ability to raise further funds.

Mishtann Foods: Friday is the record date set by the company for the purpose sub-division of share capital of the company. (Splits : Old Face Value : 10 - New Face Value : 1 - Stock split from Rs. 10/- to Re. 1/-)

HCC: Hindustan Construction Company (HCC) Ltd Thursday posted a loss of Rs 1,525.23 crore for the July-September quarter, hit by an exceptional loss of Rs 2,011.13 crore due to impairment charges related to Lavasa Corporation.

DLF:Realty major DLF Ltd Thursday reported an over 26-fold jump in consolidated net profit at Rs 374.74 crore for the September quarter and announced plans to form a joint venture with a fund managed by US-based Hines to develop a prime commercial project in Gurugram.

Sundaram Finance: The board has approved increasing of the the NBFC's borrowing limit to Rs 30,OOO crore from Rs 21,000 crore.

IIFL Holdings: IIFL Holdings Thursday registered an increase of 28.81 per cent in its consolidated net profit at Rs 303.95 crore during the second quarter ended September.Its net profit in the corresponding quarter of last year was at Rs 234.15 crore.

Tata Communications: Tata Communications Thursday reported consolidated net profit of about Rs 1.6 crore for the quarter ended September, against a loss of Rs 250 crore in the year-ago period, as per a regulatory filing by the company.

Reliance Home Finance: Reliance Home Finance, a Reliance Capital subsidiary, Thursday posted a 31 per cent rise in net profit at Rs 75 crore for the quarter ended September.It had reported a profit of Rs 57 crore in the corresponding period last year.

NBCC: State-owned NBCC Thursday said it will submit a detailed project report (DPR) of Amrapali Group's 16 stalled projects to the Supreme Court next week and is mulling developing similar projects of other real estate firms.